Tousa's Ch. 11 Liquidation Plan Confirmed By Fla. Judge

Law360, Miami (August 1, 2013, 5:37 PM ET) -- A Florida bankruptcy judge on Thursday confirmed the Chapter 11 liquidation plan for Tousa Inc. despite objections from the U.S. trustee, ending the beleaguered homebuilder's protracted, five-year stay in bankruptcy.

U.S. Bankruptcy Judge John K. Olson confirmed the plan over concerns by the U.S. Trustee's Office regarding third-party releases, the process for fee request applications and the fate of undistributed funds.

“People negotiated this plan painfully,” Judge Olson said. “This is an integrated document.”

Steven Schneiderman, who represents the U.S. Trustee, told the court that he...
To view the full article, register now.



Case Information

Case Title


Case Number



Florida Southern

Nature of Suit

Date Filed

January 28, 2008

Law Firms

Dewey Verdict Watch

Follow our exclusive coverage of the trial of the year:

Click here for the latest